Tag Archives: binance cz

Legal experts, including Ripple lawyer John E. Deaton, share Armstrong’s optimism, speculating that Coinbase will be a significant beneficiary of Binance’s regulatory challenges. Recent developments have thrust Coinbase Global Inc (NASDAQ: COIN) into the spotlight, positioning it as the frontrunner following regulatory challenges faced by its main rival, Binance. The collapse of FTX had already reshaped the crypto industry, and now, with Binance capitulating to the United States Department...

Bernstein analysts are not the only experts who believe Binance will remain the world’s leading crypto exchange despite the recent settlement with the US authorities. In the aftermath of Binance’s recent settlement with the United States government, industry analysts at Bernstein are confident the company will continue to maintain its position as the leading global cryptocurrency exchange in the industry. According to a research report by Bernstein, despite facing minor outflows of less...

Besides the fines Changpeng Zhao will pay, Binance has also agreed to pay $4.3 billion to the United States Department of Justice (DoJ). Binance founder Changpeng Zhao (CZ) has been released from custody after agreeing to a personal recognizance bond of $175 million. Mr Zhao pled guilty to accusations by federal officials that he violated the Bank Secrecy Act. According to the prosecutors, Binance and CZ knowingly allowed US customers on the platform without conducting proper KYC and AML...

Zhao’s woes and those that are related to his exchange have been largely a result of the ongoing lawsuits against them. Binance co-founder and CEO Changpeng Zhao continues to see his fortune slashed after he reportedly lost another $11.9 billion, according to the Bloomberg Billionaires Index. This brings his total fortune loss from the January 2022 peak of $97 billion to around $80 billion. Zhao Is Losing His Wealth, Here’s Why As of publication, Zhao’s crypto empire is now worth a measly...

With Stéphanie Cabossioras’ resignation, she joins at least 10 other senior executives who have left Binance this year. Stéphanie Cabossioras has resigned from her role as executive director of Binance France, the French arm of the world’s largest cryptocurrency exchange. Her departure comes as the latest in a series of high-level exits from Binance and occurs against a backdrop of heightened regulatory pressure on the company. Cabossioras was appointed to lead Binance France in April...

The Congressional Committee of Brazil noted that Binance was running a pyramid scheme and operating while bypassing the regulators. The case is now for the Brazilian police to look after. A congressional committee in Brazil has made allegations against Binance, asserting the platform’s involvement in a fraudulent pyramid scheme. The committee also accuses Changpeng “CZ” Zhao, the CEO of Binance, of having ulterior motives in the establishment of multiple companies in the region. The...

The suit is demanding monetary damages, court costs and the remission of ill-gotten gains based on seven counts. Binance.US and Binance CEO Changpeng Zhao have both been slammed with a class-action suit. The suit was filed in the District Court of Northern California by a resident of the US state simply identified as Nir Lahav. According to the October 2 filing, Binance.US and Binance CEO played prominent roles in the downfall of its then competitor FTX. The filing also alleged that, in...

Despite the recent wave of executive departures from Binance, the company said in June that it was embarking on a hiring spree with more than 2,000 available positions. Binance, the world’s largest cryptocurrency exchange, is experiencing another high-profile exit as Mayur Kamat, the Global Head of Product and Design, resigns from his role. Kamat’s departure is the latest in a series of executive exits in recent months. A spokesperson for Binance confirmed Kamat’s resignation in an emailed...

[unable to retrieve full-text content]CoinspeakerBinance Taps into Low-Cap Crypto Projects to Boost Platform’s Trading The exchange has also inquired about the market makers' information and their willingness to allocate up to 5% of their circulating tokens to Binance's saving pools, in exchange of earning interest. Binance Taps into Low-Cap Crypto Projects to Boost Platform’s Trading

[unable to retrieve full-text content]CoinspeakerBinance Reenters Japanese Market with 34 Tokens With 34 tokens, Binance will offer more coins than any exchange operating in Japan. Binance Reenters Japanese Market with 34 Tokens